Microchip Technology
MCHP
Market cap $30.6B

56.89 USD

-0.46

0.80%

At close Jan 2, 4:00 PM EST

After hours

56.96

+0.07

0.12%

1 day

-0.80%

5 days

-1.66%

1 month

-19.09%

3 months

-27.27%

6 months

-38.20%

Year to date

-34.28%

1 year

-34.28%

5 years

5.74%

10 years

153.52%

About: Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.

Employees: 22,300

Information Technology Semiconductors & Related Devices

0

Funds holding %

of 6,812 funds

0

Analysts bullish %

of 12 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

34% more call options, than puts

Call options by funds: $958M | Put options by funds: $717M

0.03% less ownership

Funds ownership: 97.53% [Q2] → 97.5% (-0.03%) [Q3]

5% less funds holding

Funds holding: 1,226 [Q2] → 1,160 (-66) [Q3]

13% less capital invested

Capital invested by funds: $47.9B [Q2] → $41.8B (-$6.1B) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 412 | Existing positions reduced: 498

43% less first-time investments, than exits

New positions opened: 89 | Existing positions closed: 155

56% less funds holding in top 10

Funds holding in top 10: 16 [Q2] → 7 (-9) [Q3]

See Fund Rankings

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$65

14%

upside

Avg. target

$85

50%

upside

High target

$95

67%

upside

12 analyst ratings

10 positive

83%

1 neutral

8%

1 negative

8%

B of A Securities Vivek Arya 53% 1-year accuracy 56 / 106 met price target	14%upside $65	Underperform Downgraded	16 Dec 2024
Stifel Tore Svanberg 56% 1-year accuracy 23 / 41 met price target	53%upside $87	Buy Maintained	3 Dec 2024
Keybanc John Vinh 39% 1-year accuracy 22 / 56 met price target	58%upside $90	Overweight Maintained	3 Dec 2024
Needham Quinn Bolton 48% 1-year accuracy 63 / 131 met price target	49%upside $85	Buy Reiterated	3 Dec 2024
Citigroup Christopher Danely 48% 1-year accuracy 23 / 48 met price target	44%upside $82	Buy Maintained	6 Nov 2024

See Analyst Rankings

Financial journalist opinion

Based on 12 articles about MCHP published over the past 30 days

Microchip: Still Navigating In The Fog

Microchip is experiencing a sharp deterioration of its end markets. Its client's end distributors overstocked their inventories during the post-COVID period. While the sales bottom could have been hit, the following quarterly guidance doesn't anticipate a rebound either. The management is cutting costs and lowering CAPEX to remain Free Cash Flow positive.

Microchip: Still Navigating In The Fog

Top 3 Tech Stocks That Could Blast Off In Q4

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Top 3 Tech Stocks That Could Blast Off In Q4

Zacks Investment Research

Microchip Launches Touch Controllers: Buy, Sell or Hold the Stock?

MCHP's MTCH2120 touch controller offers low-power, water-tolerant performance, integrating with a full ecosystem to speed development and time to market.

Microchip Launches Touch Controllers: Buy, Sell or Hold the Stock?

Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch Controllers

CHANDLER, Ariz., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Turnkey touch controllers are a fast and easy way to upgrade from mechanical buttons to modern touch buttons or displays.

Microchip Adds MTCH2120 to its Portfolio of Turnkey Capacitive Touch Controllers

Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained Applications

Microchip introduces the ATA650x CAN FD SBC with integrated high-speed CAN transceiver and 5V LDO Microchip introduces the ATA650x CAN FD SBC with integrated high-speed CAN transceiver and 5V LDO

Integrated and Compact CAN FD System Basis Chip Solution for Space-Constrained Applications

Zacks Investment Research

Can Microchip's Expanding FPGA Portfolio Push the Stock Higher?

Although MCHP expands its portfolio for medical imaging and smart robotics, lower demand makes the stock a risky bet.

Can Microchip's Expanding FPGA Portfolio Push the Stock Higher?

Microchip Expands PolarFire® FPGA and SoC Solution Stacks with New Offerings for Medical Imaging and Smart Robotics

CHANDLER, Ariz., Dec. 12, 2024 (GLOBE NEWSWIRE) -- The rise of IoT, industrial automation and smart robotics, along with the proliferation of medical imaging solutions to the intelligent edge, has made designing these types of power and thermally constrained applications more complex than ever before.

Microchip Expands PolarFire® FPGA and SoC Solution Stacks with New Offerings for Medical Imaging and Smart Robotics

Top 3 Tech Stocks That Are Preparing To Pump In Q4

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Top 3 Tech Stocks That Are Preparing To Pump In Q4

Zacks Investment Research

Microchip Cuts Guidance Amid Restructuring, Shares Fall

MCHP struggles with weak demand and restructuring expenses, supported by revised guidance and restructuring plans.

Microchip Cuts Guidance Amid Restructuring, Shares Fall

See News Rankings

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